Millworks Technologies Ltd

Millworks Technologies has secured two developmental purchase orders from Hindustan Aeronautics Limited (HAL) for HAWK and MiG-29 aircraft assemblies. Additionally, the company has signed a Memorandum of Understanding (MoU) with TridenTech Engineering Private Limited for the co-development, manufacturing, and marketing of Internal Combustion engines for Unmanned Aerial Vehicles (UAVs). TridenTech will lead engine design and development, while Millworks will focus on manufacturing engineering, production, and export marketing under a revenue-share model. Millworks will retain exclusive rights to manufacturing processes for engine castings, seals, and key components. These developments are expected to strengthen Millworks' position in the aerospace and defence sectors.

LRSD Capital Private Limited, along with its Persons Acting in Concert (PACs), has sold 20,000 equity shares, representing 0.11% of the total share capital, of Millworks Technologies Limited through the open market. The sale, which occurred on October 14, 2026, reduced their total shareholding from 3.44% (6,05,200 shares) to 3.32% (5,85,200 shares). This disclosure is made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Millworks Technologies Ltd announced key management and audit appointments following a Board of Directors meeting held on October 20, 2026. Sudhir Bellare Rai has been appointed as Vice President - Sheet Metal Fabrication and designated as Senior Management Personnel. Additionally, M/s. S. Janardhan & Associates, Chartered Accountants, have been appointed as the Internal Auditor for the financial year 2026-27. Sudhir Bellare Rai brings nearly 30 years of experience in fabrication and manufacturing, having previously managed a facility with a turnover exceeding ₹6 crore. S. Janardhan & Associates, established in 1991, offers a range of audit and taxation services.

Millworks Technologies Ltd has established a Centre of Excellence for 3D printing in collaboration with Markforged Holding Corporation, USA. The facility is equipped with seven machines, including industrial 3D printers, post-processing systems, and 3D scanning equipment, to enable rapid prototyping of carbon fibre composite and polymer components for aerospace and defence sectors. This initiative is expected to shorten development cycles and improve response times to customer requirements. The Centre utilizes Markforged's Digital Forge platform for on-demand part production. The company views this as a strategic investment to enhance its role as an engineering partner and secure long-term, recurring business.

Millworks Technologies Ltd has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. LRSD Capital Private Limited, along with Persons Acting in Concert (PACs), has sold 20,000 equity shares, representing 0.11% of the total share capital. The sale was conducted via the open market. Following the transaction, LRSD Capital and its PACs now hold 5,85,200 shares, which amounts to 3.32% of the total share capital. The previous holding was 3.44%. The transaction occurred on October 14, 2026.

Millworks Technologies Ltd has announced the closure of its trading window for directors, officers, designated employees, and their immediate relatives. This closure is effective from October 1, 2026, and will remain in effect until 48 hours after the declaration of the unaudited financial results for the half-year ended September 30, 2026. The company will announce the date of the board meeting to approve these financial results in due course. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Millworks Technologies Ltd has released its Annual Report for FY 2025-2026, detailing a period of significant growth and a landmark BSE SME listing on July 21, 2026. Revenue from operations soared by 6.8 times to ₹14,876.70 Lakhs from ₹2,199.71 Lakhs in the previous fiscal. Total income reached ₹15,339.66 Lakhs, up from ₹2,223.67 Lakhs. Profit Before Tax (PBT) grew substantially to ₹5,023.02 Lakhs from ₹726.69 Lakhs, and Net Profit After Tax (PAT) increased to ₹3,637.61 Lakhs from ₹511.54 Lakhs. Earnings Per Share (EPS) rose to ₹29.54 from ₹4.36. The company highlighted its strong order book for FY27 and strategic focus on aerospace, defence, railways, and semiconductor sectors. An investment in its investee company, Quick Pay, for its AASHVAST solution in defence electronics was also noted.

Millworks Technologies Limited has announced its 5th Annual General Meeting (AGM) will be held on Tuesday, September 29, 2026, at 12:00 PM IST. The meeting will be conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). Key agenda items include the adoption of audited financial statements for the fiscal year ended March 31, 2026, the re-appointment of a director retiring by rotation, and special business concerning the revision of remuneration for the Managing Director, Mr. Sridhar Acharya, and the Whole-Time Director, Mr. Madhu Hulisandra Krishnamurthy. The proposed revised remuneration for the Managing Director includes a monthly salary not exceeding ₹9,25,000, with annual increments up to 30%.

Millworks Technologies Ltd held a board meeting on September 05, 2026, to approve the Board's Report for FY 2025-2026 and the 05th Annual Report. The board also approved the notice for the 05th Annual General Meeting (AGM), scheduled for September 29, 2026, to be held via Video Conference. Cut-off dates for shareholder determination for the AGM notice and e-voting were set for September 22, 2026. The e-voting period will run from September 25 to September 28, 2026. Additionally, M/s Himanshu S K Gupta & Associates was appointed as the scrutinizer for the AGM's remote e-voting and as the Secretarial Auditor for FY 2026-27.

Millworks Technologies Limited announced its participation in a webinar/conference call scheduled for Wednesday, September 09, 2026, at 03:00 P.M. The event will feature Mr. Sridhar Acharya, Chairman and Managing Director, as the speaker from management. The webinar is organized by Kirin Advisors. The company explicitly stated that no Unpublished Price Sensitive Information (UPSI) is intended to be shared or discussed during this interaction. Kirin Advisors has provided contact details for registration and further information.